You have identified a potential rental property priced at $R300,000.$ Citi Bank proposes a $20-$year loan with a $15\%$ annual interest rate, resulting in a monthly payment of R$3950.$ Determine the total payment over the loan term of $20$ years. $($Use the FV function and a table to capture the values$).$

$3\mathrm{.}220$ years

$(3$ marks$)$